Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 4.4 % YoY in Dec 2022, following a growth of 6.3 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 7.2 %.
• The data reached an all-time high of 21.6 % in Jun 2021 and a record low of -23.4 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on SNA 2008, at 2011-2012 prices. Real GDP prior to Q2 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Real GDP Growth

• In the latest reports, Nominal GDP of India reached 844.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in India reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 28.4 % in Dec 2022.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 63.3 % in Dec 2022.

The impact of the coronavirus (COVID-19) lockdown in India slashed GDP growth forecasts for financial year 2021. Among the agencies that estimated growth, World Bank predicted a contraction of nearly *** percent, while the SBI (before the Maharashtra lockdown in April 2021) estimated a decline of ***** percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

India IN: GDP: Growth: Volume: Final Consumption Expenditure: Government data was reported at 5.366 % in 2026. This records a decrease from the previous number of 5.995 % for 2025. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Government data is updated yearly, averaging 5.681 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 14.190 % in 2009 and a record low of -0.770 % in 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Government data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. CGV_ANNPCT - Government final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.; Data before Fiscal Year 2004 are OECD estimates based on previous vintages.

Key information about India Nominal GDP

• India Nominal GDP reached 873.7 USD bn in Mar 2023, compared with 846.0 USD bn in the previous quarter.
• Nominal GDP in India is updated quarterly, available from Jun 1996 to Mar 2023, with an average number of 357.4 USD bn.
• The data reached an all-time high of 873.7 USD bn in Mar 2023 and a record low of 84.1 USD bn in Sep 1996.

CEIC converts quarterly Nominal GDP into USD. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.


Related information about India Nominal GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Mar 2023.
• Public Consumption accounted for 12.1 % in Mar 2023.
• Private Consumption accounted for 58.4 % in Mar 2023.

In the second quarter of 2023, the real GDP in India grew by *** percent, compared to the same quarter of the previous year.

This statistic shows the growth of the gross domestic product (GDP) in selected countries from 2019 to 2029. According to the forecast, the GDP of Germany will grow by **** percent in 2025.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

India IN: Contribution to Growth in Real GDP: Net Exports data was reported at -0.007 % in 2026. This records a decrease from the previous number of -0.003 % for 2025. India IN: Contribution to Growth in Real GDP: Net Exports data is updated yearly, averaging -0.003 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 0.045 % in 2013 and a record low of -0.028 % in 2017. India IN: Contribution to Growth in Real GDP: Net Exports data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. CQ_FBGSV-Net exports, contribution to growth in real GDP

GDP (current US$) in India was reported at 3912686168582 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

By the year 2030, it is projected that China will eclipse the United States and have the largest gross domestic product (GDP) in the world, at 31.7 trillion U.S. dollars. The United States is projected to have the second largest GDP, at 22.9 trillion U.S. dollars.

What is gross domestic product?

Gross domestic product, or GDP, is an economic measure of a country’s production in time. It includes all goods and services produced by a country and is used by economists to determine the health of a country’s economy. However, since GDP just shows the size of an economy and is not adjusted for the country’s size, this can make direct country comparisons complicated.

The growth of the global economy

Currently, the United States has the largest GDP in the world, at 20.5 trillion U.S. dollars. China has the second largest GDP, at 13.4 trillion U.S. dollars. In the coming years, production will become faster and more global, which will help to grow the global economy.

GDP Constant Prices in India increased to 51351.63 INR Billion in the first quarter of 2025 from 47265.42 INR Billion in the fourth quarter of 2024. This dataset provides - India GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in India increased to 172.60 points in 2024 from 170.20 points in 2023. This dataset provides - India GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India IN: GDP: Deflator: Double Hit Scenario data was reported at 1.510 Index, 2011-12 in 2021. This records an increase from the previous number of 1.450 Index, 2011-12 for 2020. India IN: GDP: Deflator: Double Hit Scenario data is updated yearly, averaging 0.777 Index, 2011-12 from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 1.510 Index, 2011-12 in 2021 and a record low of 0.370 Index, 2011-12 in 1995. India IN: GDP: Deflator: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Deflator: Forecast: Non OECD Member: Annual. PGDP - Gross domestic product, market prices, deflatorIndex, national reference year

India IN: Contribution to Growth in Real GDP: Change in Inventories: Double Hit Scenario data was reported at 0.000 % in 2021. This records a decrease from the previous number of 0.059 % for 2020. India IN: Contribution to Growth in Real GDP: Change in Inventories: Double Hit Scenario data is updated yearly, averaging 0.369 % from Dec 1997 (Median) to 2021, with 25 observations. The data reached an all-time high of 3.720 % in 1999 and a record low of -2.459 % in 2011. India IN: Contribution to Growth in Real GDP: Change in Inventories: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. CQ_ISKV-Change in inventories, contributions to growth in real GDP

Forecast: Contribution to GDP of Manufacturing in India 2024 - 2028 Discover more data with ReportLinker!

ناتج الناتج المحلي الإجمالي (الناتج المحلي الإجمالي) في الهند نما بنسبة 7.40 في المئة في الربع الأول من عام 2025 مقارنة بالربع نفسه من العام السابق. توفر هذه الصفحة - معدل نمو الناتج المحلي الإجمالي السنوي في الهند - القيم الفعلية، البيانات التاريخية، التوقعات، الرسوم البيانية، الإحصاءات، التقويم الاقتصادي والأخبار.

GDP, PPP (current international $) in India was reported at 16190819718798 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Coal rents (% of GDP) in India was reported at 1.2803 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Coal rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India IN: GDP: Net Exports of Goods and Services: USD data was reported at -115.309 USD bn in 2026. This records a decrease from the previous number of -91.464 USD bn for 2025. India IN: GDP: Net Exports of Goods and Services: USD data is updated yearly, averaging -56.411 USD bn from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of -4.172 USD bn in 2003 and a record low of -123.219 USD bn in 2012. India IN: GDP: Net Exports of Goods and Services: USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP by Expenditure: Forecast: Non OECD Member: Annual. FBGSD - Net exports of goods and services, nominal value (national accounts basis) Expressed in USD OECD calculation, see OECD Economic Outlook database documentation

GDP deflator: linked series (base year varies by country) in India was reported at 176 year in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP deflator: linked series (base year varies by country) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.